What's wrong with me being a rich man?

Chapter 221 Lottery
Yu Xing was immersed in the cat-luring operation. In addition to trying to communicate with people from Alibaba, he was also looking for and raising a technical team.

The original development of WeChat was not complicated. It was developed by a small team of about ten people led by Zhang Xiaolong, and was divided into iPhone, Symbian, and Android. It did not grow very fast in the first three months after its launch. Both the growth rate and media attention were not as good as Xiaomi's MiTalk next door.

At that time, in addition to MiTalk and WeChat, there were also mobile communication software such as Kaixin's "Feidou", Shanda's "KiKi", and Qihoo's "Kouxin". There is no need to hide the fact that they were basically imitations of KiK, a communication software that gained millions of users within 15 days of its launch abroad. The WeChat team members were more uncertain and always felt that their existence did not have much meaning, because everything could be done by mobile QQ, which had a wider coverage and stronger channels.

It was not until the WeChat 2.0 version introduced voice and the huge traffic and support resources of "QQ offline messaging" that the once somewhat complicated market competition quickly ended.

Xiaomi's MiTalk was the only threatening mobile communication product at the time. It was released early, developed early, and had its voice function added early. Lei Jun even judged that "this is a billion-dollar market."

However, Zhang Zhidong, a senior executive of Penguin, once made an appointment with Lin Bin, the co-founder of Xiaomi, for dinner, and sent three signals to Lei Jun through him. First, WeChat is very important to Penguin; second, Penguin is going to gather heavy forces to develop WeChat; and third, WeChat has been strategically deployed by Ma Huateng himself.

There is no doubt that this requires Lei Jun to decide whether to face the full competition of the Penguins.

In the end, Xiaomi wisely shifted its focus to developing smartphone products.

At this point, Penguin has completely obtained a ticket to the mobile Internet era.

Yu Xing was not too worried about the technical capabilities of the development. He was a little worried about the subsequent technical support issues such as high-concurrency processing, storage and data management. Although it was going to be packaged and sold to Alibaba, the polishing of WeChat was still a serious project creation.

Even though the direction of this project is a dead end, the process of reaching the end must be taken seriously, and the energy required may be no less than that put in over the past year or so.

Yu Xing estimated a rough time frame. He believed that his side would not compete with Penguin in the early stages. Instead, they would try not to attract attention. But even so, the competition period would only be 6-8 months at most.

By this calculation, the "snake arrives" point should be before the next Spring Festival at the latest.

Under pressure from the giants, they held on until they could no longer support themselves, and finally sold themselves heroically, bringing in heavyweight competitors to create the ultimate trouble...

Yu Xing felt like tears welling up in his eyes just thinking about it.

He sat in the office and smoked several cigarettes in succession, then stood up and opened the window to dissipate the smoke. However, as soon as his eyes passed the telephone pole outside the window, he saw his cousin Chu Zhiguang downstairs happily cleaning the car with his secretary Zhang Yangxu.

Yu Xing looked at it for a while, then shouted down, "Xiao Guang, what are you doing?"

Chu Zhiguang looked up and saw his cousin leaning out of the window. He answered loudly, "Wash the car and wax it!"

Yu Xing had never seen him so enthusiastic about cars before, so he casually said, "Bring me a pack of cigarettes later."

Chu Zhiguang waved his hand and received the order.

Not long after, Secretary Zhang Yangxu walked into the office and placed a pack of Liquan cigarettes on the table.

"Why did you think of tinkering with cars?" Yu Xing asked as he unpacked his cigarette.

Zhang Yangxu scratched his head: "Nothing to do right now. Brother Guang said that the New Year is coming soon, so we should clean up the car so that it will look good when we go back."

When Yu Xing heard this answer, he walked to the window again and looked at his cousin who was busy running around happily for a while. Then he suddenly realized that the New Year was indeed approaching.

He closed the window with a smile on his face and decided to settle the matter of the WeChat subsidiary before the New Year.

Compared to the various fundraising efforts to register a company the year before, it is now much easier to register. More importantly, the distribution of shares is the key. According to the verbal agreement with IDG, Bai Xiaosheng will not be able to use more than 800 million yuan. Yu Xing did not intend to let Bai Xiaosheng take up too many shares, and did not even use the upper limit. He only used 682 million Chinese yuan, or 100 million US dollars. At the same time, Red Falcon Capital will also invest 200 million US dollars. This 300 million US dollars accounts for 30% of the shares, and he personally holds 70%.

As a result, the overall valuation of WeChat at the beginning of its establishment reached 1000 million US dollars.

Of course, whether other investors are willing to recognize such a valuation depends on the specific development of the company.

The reason why Yu Xing did not let Hongshun hold too many shares was, on the one hand, in line with normal financing practices, and on the other hand, this kind of personal shareholding also made it convenient for him to have legal and reasonable assets.

The money in Bai Xiaosheng's account belongs to the company. A portion of the money earned by Guo Shanfeng goes into Hongshun, and most of the rest is in overseas company accounts. Personally speaking, Yu Xing has not apparently achieved financial freedom.

Even the Mercedes Benz he uses was a gift from his girlfriend.

Therefore, this is also expected to be Yu Xing's public accumulation of wealth.

In addition, Yu Xing also notified Lv Haiying, Zhong Zhiling, Song Yufeng, and Kong Huilin, and briefly discussed the prospects and competition of the new incubation, weakening the latter and strengthening the strong, giving an option that they could raise money and hand it over to Red Falcon Capital, and then count it in the US$200 million it invested as a slightly risky financial management.

Yu Xing neither made any guarantees nor denied the risks, but only asked them to give an answer before the Spring Festival.

Zhong Zhiling already knew about this before he arrived in Lin'an, so he made a quick decision this time and reached a consensus with his girlfriend - if the senior brother wanted to cheat someone, he would not be so restrained in his expression.

What should it be like to cheat someone? At least you should be enthusiastic and win them over.

As for the risk of losing money in the project, Bai Xiaosheng was accumulated by the eldest senior brother. Both Guiai.com and Bijia.com were sold successfully. Whether it was the results of the project operation or the work together in the past year and a half... all these made them have a trust that faces risks.

If the eldest senior brother failed to do it, it was definitely not because he didn't try hard, but it might be that he really couldn't do it.

After discussing this with Lu Haiying, Zhong Zhiling thought that this might be a good opportunity and planned to pool together 50 yuan. If Song Yufeng and Lu Haiying were willing, the four of them could just come up with an integer.

However, unlike the two who were confident and trustful of Yu Xing, Song Yufeng and Lu Haiying seemed quite hesitant. They wanted to try to pool the money together, but they didn't want to take out too much. Not to mention 50, they were hesitant even with 20.

Zhong Zhiling communicated with the chairman twice and saw that he really didn't want to pay more money. He also felt that the number he had come up with was not very good, so he came up with a way to let his girlfriend come forward.

When Lv Haiying heard her boyfriend's idea, she was extremely shocked and had only one reaction: "Is this even possible?"

When Yu Xing heard what Lv Haiying said when she came to him, he couldn't help but give a similar reaction: "Is this okay? Xiaoying, don't tell me this was your idea."

"Well... it was Zhiling who came up with it. He said that 70 doesn't sound good, but we can't get more money together right now, so he wants to borrow 18 from his senior brother to make it 88 for a good start." Lu Haiying said honestly, "And then, anyway, we are in the company, so we can just deduct it from the salary after the New Year."

When I ran out of money, I borrowed money from my senior, then invested the money in his girlfriend’s company, and then continued to invest in projects incubated by his senior, and finally worked in his company to pay back the money...

Zhong Zhiling trusted his senior brother and was willing to take some risks. Now it was his senior brother's turn to lend him money in exchange for trusting him...

After hearing this, Yu Xing burst into laughter and naturally lent the money to his fellow junior fellow students, fulfilling their wishes for a good start in the New Year.

In this way, 88 is converted into 12.9 US dollars, which is counted as the investment share of Red Falcon Capital's 200 million US dollars, and together builds a clear shareholding distribution of 7/2/1 in the WeChat subsidiary, completing the first step on the road.

(End of this chapter)